Special Drawing Rights

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Special Drawing Rights (SDR)

A form of international reserve assets, created by the IMF in 1967, whose value is based on a portfolio of widely used currencies.

Special Drawing Rights

A reserve currency created by the International Monetary Fund to reduce the pressure on gold and the U.S. dollar in international transactions. It was established in the late 1960s and is mainly used in the IMF's internal accounting. A few currencies are pegged to the SDR; they derive their value from a currency basket consisting of the U.S. dollar, the Japanese yen, the British pound, and the euro.
References in periodicals archive ?
The Suez Canal revenues in the Special Drawing Rights (SDR) unit increased by 2.7% in 2015 to 3.6875bn SDR compared to 3.5907bn SDR in 2014, an increase of 96.8bn SDR.
Summary: BERLIN - Chancellor Angela Merkel has ruled out using gold and currency reserves or IMF special drawing rights, or SDRs, to boost the eurozone bailout fund for fear of violating the independence of Germany's central bank, which opposes such use of reserves.
The central bank has offered special drawing rights (SDR) relief for commercial banks, urging them to reduce interest rates to clients.
of Belgium has been authorised to acquire certain power plants and drawing rights on certain electricity generation capacity in Germany from E.ON AG of Germany (drawing rights make available guaranteed volumes of electricity to the right-holder).
There will also be a new credit package worth $250 billion to improve trade flows and $250 billion in special drawing rights for countries.
Cumulatively, 21st installment of SBA worth Special Drawing Rights (SDR) 71.066 million (equal to some $107) is due on October 1, 2013.
Reserves of gold remained steady at $3.3 billion since the last adjustment in June, while special drawing rights fell slightly from $1.259 billion to $1.257 billion.
The reserves consist mainly of securities and deposits denominated in foreign currencies and gold, as well as reserve positions and special drawing rights Japan holds at the International Monetary Fund.
of Belgium of two power plants and drawing rights (the making available of guaranteed volumes of electricity to the right-holder) to certain electricity generation capacity in Belgium and in the Netherlands.
As of June 30, foreign currency reserves stood at USD 1.216 trillion, IMF reserves at USD 14.90 billion, IMF special drawing rights at USD 20.16 billion and gold at USD 32.35 billion.
As per payment schedule, 11th installment of SBA worth Special Drawing Rights (SDR) 95.837 million equal to some $143 million was due on March 28, 2013.